The importance of torque sensors across various applications has been widely prevalent across varied end-users applications of this market. The use of strain gauge is one of the oldest techniques of torque measurement that is being employed till date. However, recent advancements in the torque sensing technology have led to the development of several new varieties of torque sensors.

Europe is one of the most technically advanced application markets for torque sensors, due to the presence of prominent system suppliers, large semiconductor companies, competitive aerospace & defences, and medical original equipment manufacturers (OEMs) in this region.

This report segments the Europe torque sensor market on the basis of type into rotary, static/reaction, magnetoelastic, and surface acoustic wave (SAW) torque sensors. The major applications of torque sensors include automotive, industrial manufacturing, test & measurement, aerospace, and medical. According to geographical segmentation, the market is classified into major countries such as the U.K., Germany, France, and Italy.

The report provides a comprehensive overview of varied market dynamics, such as drivers, restraints, and upcoming opportunities. The burning issues pertaining to this market and winning imperatives adopted by major players to succeed in this industry are also covered in this report. In addition to this, the report lays emphasis on company profiles, product portfolios, company financials, recent developments, and key growth strategies.

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Torque sensor or torque transducer is an electronic device that converts the torque applied to a rotating or static device into an electrical signal. They are used to measure both reaction torque and rotary torque. Torque sensors exist in many measuring ranges for both reaction (static) and rotary (dynamic) torque.

Reaction torque sensors are designed using a strain gauge mounted strategically on the shaft. As the shaft deforms under the applied torque, the resistance in the strain gauge either increases or decreases, causing a change in voltage. Rotary torque sensors are a bit more complicated in their design, as the rotating shaft needs a slip-ring or non-contact rotary transformer to transmit the strain-gauge signal from the rotating shaft to the static part.

The purpose of this study is to analyze the European torque sensors market. This report includes revenue forecast, market trends and opportunities, and competitive landscape of key players profiled in this report. The market analysis is conducted on various market segments derived on the basis of type, application, and geography. On the basis of type, the market is segmented into rotary, static/reaction, magneto-elastic, and SAW. According to application, the market is classified into automotive, industrial, test & measurement, aerospace & defense, and medical. On the basis of geography, this market is sub-divided into Germany, the U.K., France, and Italy.

Apart from a general overview of the major companies in this market, this report also provides company financials, product portfolio, recent developments, and key growth strategies. Major players of the European torque sensor market include HBM, PCB Piezotronics, Inc., Applied Measurements Ltd, Futek Advanced Sensor Technology, Inc., Kistler Instrumente AG, ABB Ltd., and Honeywell International Inc., among others.

The torque sensor market for automotive and test & measurement applications was projected to grow at a CAGR of 8.4% and 8.7%, respectively from 2014 to 2019. The automotive segment is progressing at a high growth rate owing to the increasing adoption of torque sensors in automotive applications.

The European torque sensors market was valued at $278.7 million in 2014, and is projected to reach $411.5 million by 2019, at a CAGR of 8.1% from 2014 to 2019. In the European region, Germany is considered as the most dominant region in the torque sensors market, having accounted for 31.2% market share in 2014.

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